Top Stories

Jupiter Wagons rallies 3.5% post robust Q2FY24 performance

Oct 30, 2023

By: BlinkX Research Team

Jupiter Wagons Limited has announced its financial results for the second quarter and half year ended on September 30, 2023.

Performance Highlights for Q2FY24

• Revenue from operations for Q2FY24 stood at ₹879.3cr, up 111% (YoY) 
• EBITDA for Q2FY24 at ₹121.17cr, up 143% (YoY) 
• Continue to deliver industry leading margin – EBITDA Margin improves to 13.8% in Q2 FY2 from 12.0% in Q2 FY23 
• PAT for Q2 FY24 stood at ₹81.58cr, up 229% (YoY), PAT Margin of 9.3% 
• EPS for the quarter is ₹2.04 per share of a face value of ₹10 each

Performance Highlights for H1FY24

• Revenue from operations for H1FY24 stood at ₹1632.48cr, up 129.2% (YoY) 
• EBITDA for H1FY24 at ₹218.51cr, up 172% (YoY) 
• Continues to deliver industry leading margin – EBITDA Margin improves to 13.4% in H1FY24 from 11.3% 
• PAT for H1FY24 stood at ₹14.18cr, up 280% (YoY), PAT Margin 8.9% 
• EPS for H1FY24 is ₹3.66 per share of a face value of ₹10 each. 
• ROE (annualised) and ROCE (annualised) stand at 25% and 27% respectively as of September 2023.

Commenting on the results, Vivek Lohia, Managing Director of Jupiter Wagons Limited said, We have made meaningful progress this quarter on implementing our growth plans which will enable us to further scale up operations. We are adding capacity to the foundry at the Kolkata Unit while setting up a new foundry at our Jabalpur Unit. 

There are also efforts underway to drive greater backward integration and efficiencies across operations which will further enhance profitability in the wagons business, amidst a buoyant demand outlook.

There are exciting developments lined up for the rest of the year as we anticipate continued ordering momentum in wagons, braking systems and brake discs as well as the scheduled launch of our E-LCVs in the fourth quarter of the financial year.

On Monday early morning trade, shares of Jupiter Wagons rallied over 3.5% at ₹320.10 per share on the BSE.